(Last Word) Which of the Following Statements Best Describes Employment

question 151

Multiple Choice

(Last Word) Which of the following statements best describes employment changes since the Great Recession?

• A)The unemployment rate has recovered to prerecession levels, but this masks the fact that many full-time jobs have been replaced by part-time employment.
• B)The unemployment rate remains persistently higher than what it was at the start of the recession.
• C)Employment growth since the recession has tended to favor younger, cheaper workers.
• D)The ratio of employed to the population has risen above prerecession levels, as families have attempted to repay debt and rebuild wealth.

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Definitions:

Trade Credit

A type of commercial financing where a customer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

Operating Plan

A detailed document outlining the day-to-day operations required to run a business, including production, staffing, and inventory management processes.

Financial Planning

The process of estimating the capital required and determining its competition; it is the process of framing financial policies in relation to procurement, investment, and administration of funds of an enterprise.

Strategic

Relating to the identification of long-term or overall aims and interests and the means of achieving them, often involving planning and resource allocation.